Senate Votes No on 1099 Repeal Amendments

Contrary to expectations, the U.S. Senate voted not to repeal the 1099 reporting provisions incorporated into the law in March 2010. The two 1099 amendments we mentioned in yesterday’s update were brought to the floor that very afternoon. The amendments put forward by Sen. Mike Johanns (R-NE) and Sen. Ben Nelson (D-NE) were each met with opposition from only a slight majority and failed to pass. 

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